Nordhaven advised Holte’s owners and management on the sale to EG

18 mar 2020

Nordhaven Corporate Finance acted as exclusive financial adviser to the management and owners of Holte in the sale to Francisco Partners’ Danish portfolio company EG. Holte is the leading workflow management software for the SME building construction industry in Norway with its 8,000 customers.

The acquisition is part of an ambitious EG-strategy to digitize the construction industry in Scandinavia. “By combining EG's and Holte's product portfolio we can deliver the best solution to manage the complex processes and data flow within the construction industry”, says Mikkel Bardram, CEO at EG.

Holte is the Norwegian market leader within workflow management software for the building construction industry with solutions that assist construction companies to manage all steps of a construction process from project calculation to complete documentation and follow up. Holte delivered strong and stable revenue growth, with high and increasing SaaS revenue and a solid EBITDA margin.

“EG and Holte are both experts within the construction industry and offer a broad set of modules in an integrated software platform. We transform complex processes into simple intuitive solutions for our customers. By combining the strengths of EG and Holte we create a true Scandinavian champion within software solutions for the entire construction sector”, says Jesper Andersen, EVP, EG Private.

“We see EG as an ambitious strong owner who will invest in the continued development of Holte's solutions in an international market. There is a great potential for a comprehensive digitalization in the construction business”, says Eilif Holte, founder of Holte.

“EG and Holte are a perfect match and our already existing collaboration shows good cultural fit. We share the same focus on long-term customer relationships and high customer satisfaction”, says Aleksander Bjaaland, CEO at Holte.

About Francisco Partners
Francisco Partners is a leading global private equity firm which specializes in investments in technology and technology-enabled businesses. With over $15 billion of capital raised to date, Francisco Partners is one of the largest and most active technology-focused private equity firms in the world.

About EG
EG is a Scandinavian software company with more than 1,000 employees working from 15 skill centers in Scandinavia and Poland. We develop, deliver and service our own software for more than 9,500 private and public clients.

About Holte
Holte is a Norwegian leading supplier of software, services and courses within disciplines such as HSE, quality assurance, building permit applications, estimation, third party control, management, operation and maintenance (MOM) and project management. Holte was established in 1987, has 135 employees and offices in Oslo, Trondheim, Tønsberg og Gdansk.

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